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STARTING FROM APRIL 1 2006 ARMENIA WILL HAVE TO PURCHASE RUSSIAN GAS FOR $110 USD PER 1,000 CUBIC METERS: ARMENIAN ENERGY MINISTER

YEREVAN, MARCH 1. ARMINFO. Starting from April 1 2006, Armenia will have to purchase the Russian gas for $110 USD per 1,000 cubic meters, Armenian Energy Minister Armen Movsisyan told journalists, Wednesday.

The minister thinks it untimely speaking of possible influence of the rise in the gas price on the country’s economy. It is necessary to wait for a decision by the Public Relations Regulatory Commission of RA, the minister said. He believes the PRRC cannot adopt any decision in the prejudice of the companies. The minister said that on February 28 the CJSC “ArmRosgazprom” applied to the RRRC for application of the new tariff starting from April 1 2006 for the Armenian consumers. In particular, the users of about 10,000 cubic meters of natural gas will have to pay 108,000 AMD per 1,000 cubic meters instead of the present 59,000 AMD, whereas the users of 10,000 cubic meters of gas and more will have to pay 145,000 AMD per 1,000 cubic meters instead of the present 79.1 thousand AMD. The minister thinks it early speaking of compensation for the rise in the gas price as the negotiations with the Russian party at different levels are still in process.

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